Tag Archives: scottish nationalists

It was another Conservative prime minister, Harold Macmillian, who explained in just five short words how governments can crumble with such spectacular suddenness:

Events, my dear boy, events.

Today, his Tory successor, British prime minister, David Cameron faces one of the biggest events of the history of his country — the possible disintegration of the British union, as the chances of a Scottish vote in favor of independence in 10 days rise dramatically.

As polls show that the campaign has rapidly narrowed (the ‘No’ campaign had a 20-point lead just last month), and with handful of polls now showing that the ‘Yes’ campaign has taken a narrow lead just days before the September 18 referendum, Cameron now suddenly faces the prospect that he’ll be the prime minister on whose watch Great Britain simply dissolved.

It was Cameron, after all, who agreed with Scottish first minister Alex Salmond last year to hold a referendum, and it was Cameron who demanded a straight in/out vote — no third option for ‘devolution max’ or a federalized version of the United Kingdom.

So if Cameron loses Scotland, must Cameron go?

Victory for the independence camp would cause nearly as great a political earthquake in the rest of the United Kingdom as in Scotland. It would leave rest of the United Kingdom — England, Wales and Northern Ireland — to pick up the pieces of what was once a global superpower. All three major parties, including the center-left Labour Party and the junior coalition partner, the Liberal Democrats, fully opposed independence. So a ‘Yes’ victory would be a repudiation, from Scotland at least, of the entire political mainstream.

Cameron’s position, in particular, would be especially vulnerable as the prime minister who allowed the great British union to fall apart.

In the campaign for Scottish independence, key ‘Yes’ camp leaders consistently argue that a sovereign Scotland could retain the British pound as currency, and they’ve decried statements from British officials that Scotland wouldn’t be permitted to use the pound in the event that Scottish voters opt for independence in the September 18 referendum.

But putting aside whether, as a technical matter, Scotland would be able to adopt the pound, the greater issue is why it would actually want to do so — either in a formal currency union with the rest of the United Kingdom or by informally adopting the pound sterling as Scotland’s currency (‘Sterlingisation’).

Even though polls show the ‘Yes’ campaign narrowing the gap with the ‘No’ side, (the latest YouGov survey, taken between September 2 and 5, gave the ‘Yes’ camp its first lead of 47% to 45%, with 7% undecided), almost every poll in the last year shows more Scottish voters opposed to independence than in favor of it.

If the ‘Yes’ side falls short, one of the key questions will be whether the decision to embrace the pound as an independent Scotland’s currency was wise as a strategic matter. But if the ‘Yes’ side carries the referendum, Scotland’s first minister Alex Salmond will have to confront what kind of independence he’s actually won for a new country yoked on Day One to monetary policy dictated by the Bank of England.

It’s odd that the campaign’s fight over the pound has become such a central debate, but it’s possibly even odder that Salmond would cling to the pound (and other indicia of the union, such as the British monarchy) in his campaign for independence.

George Osborne, chancellor of the exchequer, has attempted to maintain a united front among his own Conservative Party, the Liberal Democrats and Labour that Scotland would not be able to avail itself of the pound if it becomes an independent country. But there’s plenty of skepticism that the remaining United Kingdom of England, Wales and Northern Ireland would actually be able to stop Scotland from doing so. Continue reading Why would an independent Scotland even want to keep the pound?→

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Suffragio attempts to bring thoughtful analysis to the political, economic and other policy issues that are central to countries outside of the US -- to make world politics less foreign to the US audience. Suffragio focuses, in particular, on those countries and regions with upcoming or recent elections.